Posted by Degil88 > 2020-09-01 15:36 |

Post removed.Why?

Posted by fable > 2020-09-01 15:39 | Report Abuse

unclekyy, buy buy buy, time to earn together!

Posted by Power168 > 2020-09-01 15:41 | Report Abuse

yes.red buy in!

Posted by Power168 > 2020-09-01 15:43 | Report Abuse

Turbo engine start..Huat altogether.

Posted by 5JTJ > 2020-09-01 15:47 | Report Abuse

all in

Posted by unclekyyisbest > 2020-09-01 15:52 | Report Abuse

People complain me about booming this counter and it is a trap.

But why they get in to trap? Are they really a value investor? I'm not sure. No offence as well.

Short trap and get trap. I highly trusted ages is undervalue as you guys can see they are reformation and getting and doing good step by step.

Posted by firehawk > 2020-09-01 15:53 | Report Abuse

QR is not bad ... but CANNOT ..... :-(

Posted by fable > 2020-09-01 16:02 | Report Abuse

QR already proven their performance, now just be patience and huat together!

Posted by unclekyyisbest > 2020-09-01 16:03 | Report Abuse

Be positive to the counter . And counter get positive.
Remain haters get negative

Posted by fable > 2020-09-01 16:08 | Report Abuse

true, already show positive sign at QR, time to up and go green !

Posted by susu > 2020-09-01 16:22 | Report Abuse

there is no sand biz in the qtr report. sand biz should be in next qtr ? under construction section?

Posted by unclekyyisbest > 2020-09-01 16:25 | Report Abuse

Probably

Posted by unclekyyisbest > 2020-09-01 16:27 | Report Abuse

Guess next quarter will have nice qtr report too.

Posted by unclekyyisbest > 2020-09-01 16:28 | Report Abuse

So let's seat at the boat and say Heng Ong huat

Posted by fable > 2020-09-01 16:32 | Report Abuse

heng ar huat ar, unclekyyisbest huat together ar

Posted by unclekyyisbest > 2020-09-01 16:39 | Report Abuse

Let's huat together , so that time we can say , ini kalilah!

Posted by unclekyyisbest > 2020-09-01 16:39 | Report Abuse

Hahahhaah

Posted by fable > 2020-09-01 16:49 | Report Abuse

hahaha, heng ar, looking forward for their next big announcement

Posted by fable > 2020-09-01 17:02 | Report Abuse

dont regret now guys, really undervalue stock here

Posted by lee_m2020 > 2020-09-01 20:47 | Report Abuse

agree.. the best to enter

Posted by stockpip > 2020-09-01 21:04 | Report Abuse

If this stock suddenly decides to limit up, I don't think a dumb blog like the above could actually stop her :D Her turn will come in these few days. No harm picking up a few lots whiles it's so cheap now. I don't think Bursa is that stupid if a listed company manipulate their accounts.

Posted by futureGrowth > 2020-09-01 22:12 | Report Abuse

The big shark is watching this all comments. :-) How to up ..haha
Get high profit, but share not movement. It is weird.

Posted by RedEagle > 2020-09-01 22:15 | Report Abuse

Shark doo doo

Posted by Newuser777 > 2020-09-01 22:20 | Report Abuse

am I the only one who think those supporters comments seem super fake?

Posted by stockpip > 2020-09-02 09:01 | Report Abuse

Well, let's move Ages up today shall we?

Posted by Power168 > 2020-09-02 09:37 | Report Abuse

Ages go go go...

Posted by firehawk > 2020-09-02 10:14 | Report Abuse

cannot again .... at this price PA holders will not do conversion, no cash inflow ......

Posted by badtzmark > 2020-09-02 11:15 | Report Abuse

Huat ar huat huat huat !

Posted by unclekyyisbest > 2020-09-02 12:48 | Report Abuse

Supporter like fake ? -_- how you see it fake ?

Btw Ages good company !!!
Huat ar huat huat huat !

Posted by fable > 2020-09-02 13:12 | Report Abuse

huat together!

Posted by badtzmark > 2020-09-02 13:45 | Report Abuse

2PM market OPEN.
HUAT to the sky ,Huat Huat Huat

Posted by Power168 > 2020-09-02 14:38 | Report Abuse

Wait Kee n Leong lead the way to ..Huat huat huat ah

Posted by Newuser777 > 2020-09-02 14:50 | Report Abuse

huat down to 0.145?

Posted by kidman > 2020-09-02 14:54 | Report Abuse

This stock will not go up because everytime there is a good momentum, there was a big dump to kill off the momentum. And of course, the operator is happily earn 0.01 to 0.02 cts.

Posted by ranacinggey > 2020-09-02 15:16 | Report Abuse

stupidddd kaunter

Posted by denzadesu > 2020-09-02 15:31 | Report Abuse

while still uncooked, parked some,

well good counter hard to cook,

go to fry2 counter if want thrill,

permaju now started cooking

Posted by goodiewilly > 2020-09-02 16:26 | Report Abuse

Really a very very very stupid counters, stayed sleep for 3 months, irregardless of multiple millions contracts and superb high QR profit..
Isn't it a dam Stupid Counter??

Posted by ThunderStorm > 2020-09-02 16:28 | Report Abuse

Part Satu - Intro Ages 7145
Kepada Ahli Lembaga Pengarah Prinsiptek / Ageson,
Saya ingin bertanya kepada kalian...
mengapa kalian sanggup bertindak sebegitu
kejam sehingga menjadikan orang awam yang
tidak tahu menahu dalam urusan syarikat
kalian sebagai mangsa untuk kepentingan
kalian sendiri???


Baru-baru ini, saya dapat tahu salah seorang
rakan saya terlibat dalam kes
“curian identiti”. Pada mulanya saya
rasa ini hanyalah kes tipuan biasa
sahaja....tetapi setelah diteliti,
ianya merupakan kes kecurian identiti
di mana nama rakan saya telah diguna pakai
sebagai Pengarah dan Pemegang Saham di
4 syarikat di bawah!!

- Prinsiptek (M) Sdn Bhd
- LKD Trading Sdn Bhd
- NBL Land Development Sdn Bhd
- Tanah Perangsang Sdn Bhd

Bagus kan!, Tiba-tiba menjadi pengarah dan
pemegang saham di dalam syarikat-syarikat
di atas.

Malangnya...syarikat-syarikat ini
telah disaman oleh banyak syarikat
lain berjumlah jutaan ringgit!!!

Carian SSM menunjukkan bahawa
syarikat-syarikat ini adalah bekas anak
syarikat anda, Ageson Berhad
(Dahulunya sebagai Prinsiptek Corporation
Berhad), dan pemeriksaan lebih lanjut
menunjukkan bahawa Ageson Berhad diambil
alih oleh 2 orang yang bernama Chin Kok Foong
dan Liew Kok Leong (Nampaknya dia adalah
seorang berpangkat Dato, tetapi saya
enggan menyebutnya sebagai Dato kerana
sememangnya sudah pasti dia tidak layak).

Setelah pengambilalihan, kalian telah
mencuri identiti rakan saya dan memindahkan
saham dan menjadikan beliau sebagai
pengarah anak syarikat anda kepadanya
dan menjadikannya mangsa.

Sebenarnya sangat jelas menunjukkan bahawa
kalian (Ageson Berhad) cuba berusaha untuk
melepaskan diri dari semua saman pemiutang
dengan hanya memindahkan saham dan jawatan
pengarah kepada mangsa...segala hutang-hutang
kalian tidak perlu membayar satu sen pun,
tetapi rakan saya sebagai pengarah perlu
menghadapi semua tuntutan dan gangguan oleh
pemiutang anda.

Kalian ni sememangnya penipu yang
paling berani untuk tidak menghiraukan
undang-undang Malaysia.

Oleh kerana kes ini melibatkan reputasi
pasaran saham Malaysia dan reputasi agensi
penguatkuasaan Malaysia yang berkaitan,
saya sangat berharap agensi kerajaan yang
berkenaan akan membuat siasatan kes.
Jika tindakan yang sewajarnya tidak diambil,
siapa lagi yang berani menjalankan bisnes di
Malaysia??

Saya terpaksa menyiarkan kes ini dengan akaun
baru demi menjaga keselamatan saya kerana
telah mendedahkan perkara buruk mereka
kepada orang ramai.

Semoga pihak berkuasa mengambil tindakan yang
sewajarnya dan siasat sebelum ramai lagi
yang menjadi mangsa.

Posted by ThunderStorm > 2020-09-02 16:29 | Report Abuse

Thursday, 27 August 2020
Part Dua - Tipu SSM dan Bursa
Kalau tak buat jahat, buat apa mau main back date tukar pengarah, tukar share allotment dan tukar constitution?

Buat apa mau menebus syea keutamaan?

Nasib baik SSM tak bodoh. Semua sudah reject.

Tapi alamak.. announcement Quarterly Results for Financial Period Ended 31 December 2019 yang AGES buat pada 12 Feb 2020 di Bursa Malaysia tu dikira mengandungi kenyataan yang tak betul kan??

SEBAB Item 24 "Material Litigation" dia kata "Pursuant to the dilution of shareholding, Prinsiptek (M) Sdn Bhd become a non -subsidiary of the Company. The Material litigation in relation to Prinsiptek (M) Sdn Bhd is not compulsory to bd disclosed"


Tapi Mana ada dilution ? SSM sampai hari in tunjuk lagi AGES hold Prinsiptek 90% syer.


Pening niii.... saya yang tak tau baca repor, ke orang jahat terlalu handal?

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=208114&name=EA_FR_ATTACHMENTS

Posted by ThunderStorm > 2020-09-02 16:31 | Report Abuse

Part Tiga - Ageson Financial Analysis and Comments
Untuk membantu “Retail Investor” yang mungkin terpedaya oleh cybertroopers yang diupah Ageson, saya telah menjemput rakan saya yang sedang mengambil kursus perakaunan untuk memberi komen mengenai Quarterly Results Ageson.

So here is the sharing of my friend’s analysis of Ageson Berhad financials, news, and company announcements since 1 July 2019, this analysis is also used for his school project. The analysis has been mainly focusing on the construction business and have not covered the new sand business to large extent as this will be updated again in future. Selection criteria of Company to analyse included the following but not limited to:

1. Company receiving multiple queries from Bursa

2. Penny stocks which share price increased significantly since Covid-19

3. Company in construction business



Feel free to comment. Need guidance to improvise the analysis.

1. Revenue, Cost of Sales and Gross Profit

- Q2 Revenue increased by 105%, but Cost of Sales reduced by 11%? What kind of construction business can possibly bill for higher Revenue with reduction in Cost? Please explain what Construction Revenue Recognition Method is use.

- Cumulated Gross Profit Margin was handsome at 57% for Q4. Such results during this Covid-19 period surpasses all leading construction listed company in Malaysia with average GP of 20%, and even surpass all leading development listed company in Malaysia with average GP od 30%. Really wonder which project continued operation during MCO can generate 36m revenue for Ageson.

- Some people say they sell sand that’s why so high profit, but based on Q4 Report, Item 9 Segmental Information, seems like no sand transaction was done yet. The reported Segment was only for Construction and Property Development.

2. Expenses

- Operating Expenses. Sudden jump of 14.3m (20.5m – 6.2m) in Q3. Probably Ageson expanded incredibly during Covid-19 and MCO lockdown period in March 2020, just that they deem insignificant and do not need to make announcement on this since everyone busy coping with Covid-19? Miracally, Q4 operating expenses suddenly dropped by 7m as “Operating Income”. Impressive, as every company were busy cutting down operating expenses while Ageson manage to actually generate operating income.

- Finance Cost. The finance cost come and go as if they own the bank. Notwithstanding that Q4 has outstanding bank borrowings of 21.6m, but zero finance cost? Did we miss any interest-free financing package available in the market?

- Share of Associated Company Results. Only Q4 got associated Company and other quarters no Associated Company? No where in the announcements have mentioned about the associated Company.

- Tax. So much profit but no Provision for Tax? A closer look at both Income Statement and Balance Sheet shows that there were no single cent of tax expense or tax provision made.

Does it mean that those “Revenue” and “Profits” are non-operating in nature, i.e. purely paper profits, and hence not taxable?

Could it be due to capital gain? Unsure as no disclosure of material capital gain made.

Or did we miss any new special tax exemption scheme by the Malaysia government?

 

Analysis of Balance Sheet (Assets):

To simplify things, lets focus on the changes between June 2020 and June 2019 only, instead of by Quarter:

1. Many movements in the various accounts under Non Current Asset, but ultimately, Non Current Asset increased by 41m, which coincidentally, Goodwill has also increased by 41m. Have we missed any major acquisition by Ageson which resulted in Goodwill recognition? Is Ageson a Billion dollar company whereby such increase of 41M goodwill does not warrant a disclosure of the source?



2. Goodwill increase of RM 41m was almost equivalent to the nett decrease in Net Current Asset of 40.5m.



3. Increase in total Equity of 17.6m was also almost equivalent to the decrease of Non-Current Liabilities of 17m.



Summary:

4. Where did the Net Profit of RM 37m went to? For operating profit, Net-Current Asset should have increased by 37m. Profit of 37m and recognition of Goodwill for 41m? Hmmm….Debit Goodwill, Credit Revenue? Magic…



5. Furthermore, where did the cash from Preference Share of 48m went to? Increase in Equity should also follow by increase in Asset if all else remain constant.



6. What is more surprising is, reserves had actually decreased by 103m. So lets look at the Q3 Statement of Changes in Equity Below:

7. Is Prinsiptek (M) Sdn Bhd Still A Subsidiary of Ageson?

In Q4 Capital Reserve has reduced substantially by 124,949 under item “Changes of Stakes in a Subsidiary Company”!! There was no announcement of any major disposal or changes in subsidiary from 1 April to 30 June 2020 (or up till 31 August 2020), so how come suddenly there is this huge change?

A careful read of the Q4 result announcement, Item 12 Changes in Composition of the Group, Ageson Berhad reported the following:

Posted by ThunderStorm > 2020-09-02 16:31 | Report Abuse

7. Is Prinsiptek (M) Sdn Bhd Still A Subsidiary of Ageson?

In Q4 Capital Reserve has reduced substantially by 124,949 under item “Changes of Stakes in a Subsidiary Company”!! There was no announcement of any major disposal or changes in subsidiary from 1 April to 30 June 2020 (or up till 31 August 2020), so how come suddenly there is this huge change?

A careful read of the Q4 result announcement, Item 12 Changes in Composition of the Group, Ageson Berhad reported the following:



There were no material changes in the composition of the Group for the current financial quarter under review.



Almost forgotten to mention, Ageson has on 27 December 2019 announced that that Prinsiptek (M) Sdn Bhd (“PMSB”) was a former subsidiary of Ageson. The also Board highlighted that as at 1 July 2019, Prinsiptek (M) Sdn Bhd (“PST”) had ceased to be a principal subsidiary of the Company.

If this is the case, what could it be? Possible misreporting? Only Bursa can investigate and provide us an clearer picture.



8. If Prinsiptek (M) Sdn Bhd is not Subsidiary of Ageson, who delivers the Construction Revenue and Results?

Based on 2019 Annual Report of Prinsiptek Corporation / Ageson Berhad, Prinsiptek (M) Sdn Bhd is a wholly owned subsidiary, and it hold all of the group Construction business.



Prinsiptek Corporation mentioned in the Annual Report page 5 the following:



The Group started with one of its largest and longest established subsidiaries, namely Prinsiptek (M) Sdn Bhd (“PST”), which was incorporated on 18 October 1990 to undertake building and construction activities. PST has grown over the years and is now a Class “A” and Grade G7 registered contractor with the Sijil Perolehan Kerja Kerajaan and the Construction Industry Development Board respectively, allowing PST to bid and undertake construction projects of unlimited value. Furthermore, PST has expanded its business into other related fields such as Turnkey Contractor, Property Developer and Trading House for Construction Raw Materials.



But now since Ageson Berhad already dishonestly (no better words) disown Prinsiptek (M) Sdn Bhd by announcing in Q2 results that Prinsiptek (M) Sdn Bhd became a “non-subsidiary” due to dilution of shares (but yet latest SSM results still shows Ageson holds 92% shares in Prinsiptek (M) Sdn Bhd), so which company is Ageson Berhad Construction Arm?



If Prinsiptek (M) Sdn Bhd is no longer a subsidiary, which entity significantly contributed to the Construction segment revenue and results? Perhaps the other construction related subsidiary listed in the annual report or the 2 new subsidiaries of Ageson Berhad as follows?

1. Ageson Enterprise Sdn Bhd (formerly knowsn as Esa Pile Sdn Bhd)

2. Ageson BIM Sdn Bhd

3. Ageson System Sdn Bhd



However, a quick check on the Malaysia CIDB website today shows that the above companies were not even a registered contractor with CIDB. They don’t even have a G1 licence.



Further Thoughts:

1. As Ageson Berhad had always make announcement on Memorandum of Understanding, Letter of Intent etc whereby all these “ARE NOT COMMITTED PURCHASES”, they will definitely make announcement on new construction projects, be it the first day they met XXX party for the first time with no firm plan and commitment for new projects too right? But so far there was no single announcement on new construction projects, not even a plan. Mystery of the day, what Construction Project is Ageson Berhad working on, and under which entity, contributing to the exceptionally good construction segment revenue and results?



2. Grant Thornton Malaysia (AF 0737) (“GT”) resigned as Auditors of the Company with immediate effect on 6 August 2020, 22 days prior to the deadline for the Company Q4 announcement. Could this be a potential red flag? GT was first appointed as Auditor during the Annual General Meeting held on 25 November 2019. GT has not completed its 1st year audit of the Company.



Thank you and have a nice day…

- To the investor of Ageson Berhad….May the odds be ever in your favor…





at August 31, 2020
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Posted by ThunderStorm > 2020-09-02 16:32 | Report Abuse

Wowowowowow... This can won the Grammy Award already...

Posted by ThunderStorm > 2020-09-02 16:33 | Report Abuse

Thought this is end already??

Posted by ThunderStorm > 2020-09-02 16:34 | Report Abuse

Heng Heng ar..

Posted by ThunderStorm > 2020-09-02 16:35 | Report Abuse

These articles are viral to Facebook, Twitter and Pininterest already...

Posted by Jason85 > 2020-09-02 16:35 | Report Abuse

Ageson shall be doing great?

Posted by ThunderStorm > 2020-09-02 16:36 | Report Abuse

The part 3 just posted on Merdeka Day.. Heng a!

Posted by ThunderStorm > 2020-09-02 16:40 | Report Abuse

I got a feeling! That's tonight gotta be a good night! That's tonight gotta be a good good night! LOL...

Posted by ThunderStorm > 2020-09-02 16:40 | Report Abuse

Ooops... could be a nightmare.. Shhh... LOL...

Posted by fable > 2020-09-02 16:40 | Report Abuse

Wow, today one man show again? Where is your friends?